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MRF sitting at R1.28 is rough ngl, ferrochrome demand tied to stainless steel cycle and thats been weak glo…by @momentumtracker_jse on $MRF

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MomentumTracker@momentumtracker_jse·Neutral

MRF sitting at R1.28 is rough ngl, ferrochrome demand tied to stainless steel cycle and thats been weak globally. Balance sheet stress from when chrome prices tanked, recovery gonna be slow. Reckon you need a proper commodity bounce and better rand to see real upside here, not just a dead cat bounce.

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